Kenya’s Monetary Policy Committee hiked its key interest rate by 150bps today, a clear attempt to signal that the bank is serious about curbing high inflation and protecting the rapidly-depreciating shilling. A further hike later this year is possible, but we will wait for the first comment from the new Central Bank governor before making a revision to our forecast.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.